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330 E 22nd St
Brooklyn, NY 11226
Multifamily Property For Sale
·
27 Units
Investment Highlights
- Stable Cash Flowing 27 Unit Asset.
- Prime Flatbush Location - situated right off of Flatbush Ave retail hub.
- Well Maintained with Zero Differed Maintenance.
- Half-mile to multiple subway lines for superior connectivity.
Executive Summary
Positioned in the heart of Flatbush, Brooklyn, 330 East 22nd Street presents a rare opportunity to acquire a fully occupied, cash-flowing 27-unit multifamily asset in one of New York City’s most dynamic rental markets. This pre-war building combines historic charm with modern infrastructure, featuring a gas boiler, brand-new hot water tanks, and individual electric meters, ensuring operational efficiency and minimal deferred maintenance. The property is not subject to Local Law 33 energy requirements, adding further appeal for investors seeking compliance simplicity.
Flatbush has emerged as a cultural and economic hub, blending historic architecture with vibrant retail corridors along Flatbush and Church Avenues. Residents enjoy proximity to Prospect Park, Kings Theatre, and a thriving local dining and arts scene. With multiple subway lines nearby—including the B, Q, 2, and 5 trains—commuters benefit from seamless connectivity to Manhattan and Downtown Brooklyn.
The neighborhood’s strong fundamentals underscore this investment: an average household income of $81,084, a population exceeding 100,000, and year-over-year rent growth of 4.7% in 2024. This asset offers stable income, supported by a robust rent roll and operating expenses that reflect disciplined management. With available air rights of approximately 4,200 SF, there is potential for future development or expansion.
For investors seeking a well-maintained, income-producing property in a high-demand submarket, 330 East 22nd Street delivers enduring value and upside potential.
Flatbush has emerged as a cultural and economic hub, blending historic architecture with vibrant retail corridors along Flatbush and Church Avenues. Residents enjoy proximity to Prospect Park, Kings Theatre, and a thriving local dining and arts scene. With multiple subway lines nearby—including the B, Q, 2, and 5 trains—commuters benefit from seamless connectivity to Manhattan and Downtown Brooklyn.
The neighborhood’s strong fundamentals underscore this investment: an average household income of $81,084, a population exceeding 100,000, and year-over-year rent growth of 4.7% in 2024. This asset offers stable income, supported by a robust rent roll and operating expenses that reflect disciplined management. With available air rights of approximately 4,200 SF, there is potential for future development or expansion.
For investors seeking a well-maintained, income-producing property in a high-demand submarket, 330 East 22nd Street delivers enduring value and upside potential.
Property Facts
| Sale Type | Investment | Lot Size | 0.14 AC |
| No. Units | 27 | Building Size | 19,200 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Low-Rise | Year Built | 1926 |
| Building Class | C | ||
| Zoning | R6A - Medium density residential district | ||
| Sale Type | Investment |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 19,200 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1926 |
| Zoning | R6A - Medium density residential district |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Basement
- Intercom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | - | -1 - 900 |
| 1+1 | 13 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 05165-0030 | Improvements Assessment | $607,050 |
| Land Assessment | $81,000 | Total Assessment | $688,050 |
Property Taxes
Parcel Number
05165-0030
Land Assessment
$81,000
Improvements Assessment
$607,050
Total Assessment
$688,050
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